SEC, R.I. near 38 Studios settlement

THE U.S. Securities and Exchange Commission is nearing a settlement with R.I. Commerce Corp. in the ongoing securities fraud lawsuit related to 38 Studios LLC.
THE U.S. Securities and Exchange Commission is nearing a settlement with R.I. Commerce Corp. in the ongoing securities fraud lawsuit related to 38 Studios LLC.
PROVIDENCE – The U.S. Securities and Exchange Commission is nearing a settlement with R.I. Commerce Corp. in the ongoing securities fraud lawsuit related to 38 Studios LLC. “The commission and [Commerce] have reached a settlement in principle that would resolve the litigation between them,” according to court documents filed recently with the U.S. District Court…

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